While the world awaits a much wished for closure to what’s been hailed as one of its “greatest” recessions, the attitude of Professionals towards all kinds of investments remains intact in all Middle Eastern countries, according to Bayt.com’s CCI Survey- September 2009.
Vis-a -Vis investment in Vehicle:
An in-depth look at the figures shows that 56% of total respondents are not planning to invest in a vehicle within the next 12 months, against 26% who are considering it(in the last wave- June 2009- 58% had stated they were not planning to purchase a vehicle, against 24% who were thinking about it).
The Survey shows respondents in Jordan are the most interested in buying a vehicle within the next 12 months- at 33%- followed by Qatar – at 32%, while at the other end, respondents in Syria are the least interested – at 15%. Slightly more than half (52%) of those considering the purchase of a vehicle in the current CCI wave stated they are aiming at a brand new one.
Vis-à-vis Investment in Property:
Bayt’s CCI Survey shows that the trend of not getting involved in property investment continues from the last wave. An overwhelming 60% of total respondents are not planning to invest in property within the next 12 months, against only 21% who are planning to invest( in the last wave, June 2009, the figures were almost identical: 62% of total respondents had stated they were not planning to invest in property , while 20% had stated the opposite).
The survey shows respondents in Qatar are the most interested in property investment- at 29%- followed by Bahrain’s respondents- at 28%. On the other end, although the most interested in “investment in vehicle”, Jordan respondents show the least enthusiasm to invest in property- at 14%. Interestingly, out of the fifth of respondents planning to invest in property, 60% are looking into investing in brand new property (not previously lived in).
Vis-a- Vis Investment in Electronic Appliances:
As with the previous CCI wave, electronic appliances that score the highest interest amongst total respondents taking part in Bayt’s CCI Survey- September 09- are desktops or laptops (at 31%), followed by furniture (at 19%). Respondents in Syria show the highest level of interest in desktop/laptop purchases (at 41%) compared to only 25% in both Lebanon and UAE, which show the lowest level of interest.
As for investment in furniture, KSA& Qatar show the highest interest levels – at 22%- compared to only 16% if UAE, Jordan and Egypt, which show the lowest levels of interest. Interestingly, respondents in the UAE have generally expressed, in this wave, low purchase intention across all electronic Appliances.
